Macedonia GDP Annual Growth Rate 2004-2016 | Data | Chart | Calendar

Macedonia's economy expanded 2.4 percent year-on-year in the third quarter of 2016, following an upwardly revised 3.1 percent rise in the previous period. Gross capital formation contracted 4 percent (+
11.5 percent in Q2) while government spending fell at a slower 0.4 percent (-1.4 percent in Q2) and household consumption rose 5.6 percent (+2 percent in Q2). Net trade contributed less negatively, as exports increased 15.6 percent (+7.4 percent in Q2) and imports went up 13.3 percent (+7.1 percent in Q2). On a production side, the biggest increase was recorded in: professional, scientific and technical activities (+10.9 percent vs +8.9 percent); information and communication (+5.6 percent from +6.7 percent); and construction (+10.3 percent from +31.4 percent). GDP Annual Growth Rate in Macedonia averaged 3.26 percent from 2004 until 2016, reaching an all time high of 8.20 percent in the second quarter of 2005 and a record low of -2.40 percent in the second quarter of 2009.